Gold Coast Company Limited and Rafaeli Group of Israel held a groundbreaking ceremony for the Manna Luxury Holiday Resort project in Cam Lam district of the central province of Khanh Hoa on March 22.

Covering an area of 12 ha in the Northern Cam Ranh Peninsula Tourism Area in Cam Lam district, the five-star resort will have spa-resort area, restaurants, high-rise hotels and fitness centres, at a total investment of 350 billion VND.

One completed, the resort will operate in accordance with the international scale " vacation exchange" model, which is rather new in Vietnam .

On the occasion, Gold Coast Company Limited presented 20 scholarships worth 1,000,000 VND each to poor pupils in Khanh Hoa province.-VNA